Vestis (VSTS) Projected to Post Earnings on Friday

Vestis (NYSE:VSTS) is anticipated to announce its earnings results before the market opens on Friday, January 31st. Analysts expect the company to announce earnings of $0.12 per share and revenue of $688.89 million for the quarter. Vestis has set its FY 2025 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Vestis (NYSE:VSTS) last released its earnings results on Thursday, November 21st. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). Vestis had a net margin of 0.75% and a return on equity of 9.07%. The business had revenue of $684.28 million for the quarter, compared to analysts’ expectations of $693.54 million. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. On average, analysts expect Vestis to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Vestis Stock Up 0.2 %

VSTS stock opened at $16.02 on Wednesday. The business has a 50 day moving average of $16.00 and a 200 day moving average of $14.67. The firm has a market cap of $2.11 billion, a PE ratio of 100.11 and a beta of 1.17. Vestis has a twelve month low of $8.92 and a twelve month high of $22.37. The company has a quick ratio of 1.36, a current ratio of 1.73 and a debt-to-equity ratio of 1.40.

Vestis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 13th were issued a dividend of $0.035 per share. The ex-dividend date was Friday, December 13th. This represents a $0.14 annualized dividend and a dividend yield of 0.87%. Vestis’s payout ratio is presently 87.51%.

Analyst Ratings Changes

Several brokerages recently commented on VSTS. JPMorgan Chase & Co. increased their price objective on shares of Vestis from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. The Goldman Sachs Group increased their price target on shares of Vestis from $13.60 to $15.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Finally, Barclays upped their price objective on Vestis from $10.00 to $13.00 and gave the company an “underweight” rating in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $14.08.

About Vestis

Vestis Corporation provides uniform rentals and workplace supplies in the United States and Canada. Its products include uniform options, such as shirts, pants, outerwear, gowns, scrubs, high visibility garments, particulate-free garments, and flame-resistant garments, as well as shoes and accessories; and workplace supplies, including managed restroom supply services, first-aid supplies and safety products, floor mats, towels, and linens.